7,850 CDW Corporation $CDW Shares Sold by Monte Financial Group LLC

Key Points

• Monte Financial Group cut its CDW stake by 15%, selling 7,850 shares in the third quarter. It retained 44,651 shares, valued at about $5.72 million at quarter-end.
• CDW reported quarterly earnings of $3.26 per share and revenue of $6.75 billion, beating analyst expectations; revenue rose 17.7% year over year.
• CDW raised its quarterly dividend from $0.63 to $0.68 per share, a 7.9% increase. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $167.38.

Monte Financial Group LLC decreased its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,651 shares of the information technology services provider's stock after selling 7,850 shares during the period. CDW accounts for about 1.9% of Monte Financial Group LLC's portfolio, making the stock its 23rd biggest position. Monte Financial Group LLC's holdings in CDW were worth $5,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CDW. BlackRock Inc. bought a new stake in CDW in the second quarter worth approximately $2,143,082,000. Pzena Investment Management LLC boosted its holdings in shares of CDW by 27.1% during the 3rd quarter. Pzena Investment Management LLC now owns 3,353,465 shares of the information technology services provider's stock worth $429,780,000 after buying an additional 714,565 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of CDW during the 2nd quarter worth approximately $300,073,000. Alyeska Investment Group L.P. grew its position in shares of CDW by 197.1% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider's stock worth $260,880,000 after buying an additional 1,230,517 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of CDW during the 2nd quarter worth approximately $255,058,000. Institutional investors own 93.15% of the company's stock.

Key CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: CDW reported third-quarter adjusted earnings of $3.26 per share and revenue of $6.75 billion, topping analyst estimates; revenue grew 17.7% year over year. Reports attributed strength to AI infrastructure demand and broader customer demand. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
• Positive Sentiment: Management’s outlook pointed to low-double-digit 2026 non-GAAP EPS growth and mid- to high-single-digit gross-profit growth, supporting expectations for continued earnings momentum. Article: CDW Signals 2026 EPS Growth and Raises Gross Profit Outlook
• Positive Sentiment: UBS and JPMorgan raised their price targets to $195, with buy and overweight ratings, respectively. Northcoast lifted its target to $204, adding to the favorable analyst sentiment. Article: Northcoast Raises CDW Price Target
• Positive Sentiment: CDW increased its quarterly dividend 7.9% to $0.68 per share, signaling a higher cash return to shareholders. Article: CDW Raises Quarterly Dividend
• Neutral Sentiment: Citigroup raised its target to $170 but maintained a neutral rating, suggesting more measured expectations than the bullish analyst calls. Article: Citi Raises CDW Price Target
• Negative Sentiment: Coverage flagged margin compression and rising expenses despite the sales growth; another report also cautioned that rising debt and shrinking margins complicate the dividend-growth story. These concerns may have weighed on shares after the post-earnings surge. Article: CDW Q3 Earnings Beat Despite Margin Compression

Analyst Ratings Changes

Several research firms have recently weighed in on CDW. UBS Group lifted their price objective on shares of CDW from $159.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley increased their target price on shares of CDW from $170.00 to $171.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Citigroup raised their price target on shares of CDW from $150.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday. Weiss Ratings raised shares of CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, Barclays decreased their price target on shares of CDW from $150.00 to $148.00 and set an "equal weight" rating for the company in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $167.38.

CDW Trading Down 6.1%

NASDAQ:CDW opened at $158.39 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.26 and a quick ratio of 1.05. CDW Corporation has a one year low of $97.12 and a one year high of $172.47. The company has a market cap of $19.80 billion, a PE ratio of 18.48, a PEG ratio of 2.21 and a beta of 0.92. The firm has a 50-day moving average of $148.57 and a 200-day moving average of $133.60.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.28. The business had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $6.19 billion. CDW had a net margin of 4.48% and a return on equity of 52.23%. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 EPS. As a group, equities research analysts expect that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.68 dividend. This is a boost from CDW's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 25th. CDW's dividend payout ratio is 30.29%.

CDW Company Profile

CDW Corporation NASDAQ: CDW is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.

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